I don't understand the obsession with "founder mode". AirBnB is not a particularly good product. It makes overpriced hotels seem like a good offering. It doesn't create much value for consumers and neither for the shareholders. What am I missing?
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The business model of Airbnb aims to capture as much of the value pre-IPO as possible, not deliver a long-term sustainable business. People believe in the latter less and less.
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